To: fweingart
The British financial services boom and soaring house prices have led to an uninterrupted expansion
Soaring house prices means they have less disposable income. Sometimes much less. I am told that after paying their often huge mortgages, Britons have very little to spend on discretionary purchases.
To: rightwingintelligentsia
Soaring house prices means they have less disposable income. Sometimes much less. I am told that after paying their often huge mortgages, Britons have very little to spend on discretionary purchases. Sounds a lot like the U.S. Wages here are stagnated or falling because of unreported 'real' inflation, ie, exhorbitant healthcare premiums, unaffordable housing, low paying jobs.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson